After concluding last week with a technical breakout, in spots, the U.S. benchmarks have pulled in this week largely without consequence. In the process, the S&P 500 is vying Friday to avoid its first five-session losing streak since November 2016, though the index has thus far closely observed its 50-day moving average (2,749) as support.

Guidewire Software Inc. announced plans to sell $200 million in fresh shares Wednesday afternoon, after the company's stock hit a new all-time high in the regular trading session. The software company said it plans to offer $200 million in common stock, as well as $300 million in convertible debt. Guidewire stock hit an all-time intraday high of $92.65 in Wednesday's session and closed with a 7% gain at a record of $91.17 after announcing fiscal second-quarter earnings Tuesday afternoon. Guidewire said the proceeds would be for general corporate purposes. Shares declined about 1% in late trading after the announcement, but have gained 59.6% in the past year, as the S&P 500 index has increased 15.2%.

Guidewire Partners With Plug and Play to Foster Innovation in P&C
Insurance

Jan. 18, 2018 at 8:55 a.m. ET

on BusinessWire - BZX

Guidewire Software Inc.

Guidewire Software, Inc. engages in the provision of software products for property and casualty insurers. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, Add-on Modules, Underwriting Management, DataHub, InfoCenter, GuidewireLive, Predictive Analytics, Digital Portals, and InsuranceNow. The company was founded by Marcus S. Ryu on September 20, 2001 and is headquartered in Foster City, CA.
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